But in the same transaction, Flux Carbon Fund Corporation acquired 80% ownership in Bitzio...
Flux Carbon Fund belongs to Kevin Kriesler, the guy than ran several companies to the ground.
Also, Bitzio borrowed $2.9M from TCA Global as part of the acquisition. Most of the money went to GERS main lender.
Even with Greenshift revenue, Bitzio will have a hard time repaying that debt.
The joker is that Greenshift lost its patent lawsuit, all of GERS (and BTZO)' hopes are on a successful appeal.
Without corn oil extraction license royalties, GERS revenues would dwindle to nothing.
